TD Private Client Wealth LLC Grows Stock Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

TD Private Client Wealth LLC raised its position in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 24.2% during the third quarter, HoldingsChannel reports. The firm owned 1,697 shares of the company’s stock after purchasing an additional 331 shares during the period. TD Private Client Wealth LLC’s holdings in Bath & Body Works were worth $54,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Citizens & Northern Corp grew its stake in shares of Bath & Body Works by 1.7% during the second quarter. Citizens & Northern Corp now owns 29,465 shares of the company’s stock valued at $1,151,000 after buying an additional 487 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Bath & Body Works by 23.4% during the second quarter. Blue Trust Inc. now owns 2,767 shares of the company’s stock valued at $108,000 after buying an additional 524 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Bath & Body Works by 34.4% during the third quarter. GAMMA Investing LLC now owns 2,481 shares of the company’s stock valued at $79,000 after buying an additional 635 shares during the last quarter. Horizon Bancorp Inc. IN grew its stake in shares of Bath & Body Works by 19.6% during the second quarter. Horizon Bancorp Inc. IN now owns 4,232 shares of the company’s stock valued at $165,000 after buying an additional 695 shares during the last quarter. Finally, Everett Harris & Co. CA grew its stake in shares of Bath & Body Works by 1.5% during the third quarter. Everett Harris & Co. CA now owns 49,140 shares of the company’s stock valued at $1,569,000 after buying an additional 725 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Activity

In other news, CEO Gina Boswell acquired 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was bought at an average cost of $29.64 per share, for a total transaction of $177,840.00. Following the acquisition, the chief executive officer now directly owns 242,987 shares in the company, valued at approximately $7,202,134.68. The trade was a 2.53 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

BBWI has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Bath & Body Works from $35.00 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Piper Sandler raised their target price on Bath & Body Works from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. TD Cowen raised their target price on Bath & Body Works from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 target price on shares of Bath & Body Works in a research note on Monday, November 25th. Finally, Citigroup cut their target price on Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Bath & Body Works has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Bath & Body Works Stock Performance

Bath & Body Works stock opened at $38.64 on Tuesday. The stock’s 50 day simple moving average is $32.76 and its two-hundred day simple moving average is $34.50. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 1.44 and a beta of 1.83. Bath & Body Works, Inc. has a fifty-two week low of $26.20 and a fifty-two week high of $52.99.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm posted $0.48 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, analysts predict that Bath & Body Works, Inc. will post 3.26 earnings per share for the current year.

Bath & Body Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.07%. Bath & Body Works’s payout ratio is 19.51%.

Bath & Body Works Company Profile

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.